IT Salary Survey: Outlook Points to Cautious Optimism

The past several years have certainly been rough sailing for the financial services industry, but the market for IT talent in the sector is on the rise, according to the "2012 InformationWeek IT Salary Survey." After several years of painful cuts, the job market is improving, albeit at a slower pace than before the financial crisis.

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1. Overall IT Salary Trends

According to results from the 2012 InformationWeek Salary Survey, salaries and total compensation for IT staff and managers seem to be relatively flat from 2011 levels. Median base salaries for IT staffers remained at $90,000, while median total compensation for this group increased $2,000, to $99,000, in 2012. For managers, median base salary dropped to $117,000 from $120,000 in 2011, while median total compensation, including bonuses, for this group dropped to $130,000, nearly returning to its 2010 level.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio